How Google Play changes will affect digital lenders

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Google logo at the Googleplex in Menlo Park, California. FILE PHOTO | AFP

Digital lenders in Kenya will have to file a self-declaration form and license from the Central Bank of Kenya (CBK) with the tech giant, Google, in order to remain placed under Google Play.

Google last week published new policies that will force mobile loan lenders to disclose the requirements from the banking regulator within a month in order ‘to remain or publish new personal loan apps on Play Store.

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